Bradley H. Feldmann Acquires 270 Shares of Cubic Co. (CUB) Stock
Cubic Co. (NYSE:CUB) CEO Bradley H. Feldmann acquired 270 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $58.80 per share, with a total value of $15,876.00. Following the completion of the transaction, the chief executive officer now directly owns 46,076 shares in the company, valued at approximately $2,709,268.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CUB traded up $1.10 during mid-day trading on Friday, hitting $59.64. The company’s stock had a trading volume of 201,916 shares, compared to its average volume of 261,209. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 1.12. The stock has a market capitalization of $1.86 billion, a P/E ratio of 93.19 and a beta of 1.20. Cubic Co. has a 1-year low of $50.61 and a 1-year high of $77.35.
Cubic (NYSE:CUB) last posted its quarterly earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $0.24 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.44. The business had revenue of $337.30 million during the quarter, compared to analysts’ expectations of $326.88 million. Cubic had a return on equity of 3.44% and a net margin of 0.62%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS. Research analysts anticipate that Cubic Co. will post 1.14 EPS for the current year.
Several analysts have recently commented on CUB shares. Drexel Hamilton reissued a “buy” rating and issued a $85.00 price target on shares of Cubic in a report on Thursday, February 7th. Zacks Investment Research cut Cubic from a “hold” rating to a “strong sell” rating in a report on Monday, February 11th. Citigroup started coverage on Cubic in a report on Friday, February 15th. They issued a “buy” rating and a $75.00 price target for the company. ValuEngine cut Cubic from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Finally, Canaccord Genuity reduced their price target on Cubic from $74.00 to $70.00 and set a “buy” rating for the company in a report on Friday, April 5th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $72.34.
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Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).
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